3/13 Cremorne RoadKedron QLD 4031
Property Details for 3/13 Cremorne Rd, Kedron
3/13 Cremorne Rd, Kedron is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1960. The property has a land size of 931m2 and floor size of 188m2. While the property is not currently for sale or for rent, it was last sold in April 2023.
Last Listing description (May 2023)
13 Cremorne Road offers a rare, incredible opportunity to secure 931m2 land with untapped and limitless developmental potential, in the heart of Kedron. With a single owner title and no body corporate structure in place, this Queenslander style, post war block of units, is the perfect opportunity to either hold, develop or renovate!
Currently boasting four post war, Queenslander residential units; 2 x one bedroom and 2x two bedroom unit, in an unbeatable location this is the best development lot to come to the 2023 Kedron Market. Three of the units all have timber floorboards and air-conditioning and the other unit being in an original condition with a long time tenant. Buyers can enjoy immediate income stream of approx $1,000 per week; with all units currently tenanted on periodic tenancies, giving the ability to produce the most ideal design whilst reaping incredible rental return.
Features include:
+ Four post war (1955), Queenslander style apartments currently on the property all tenanted with periodic tenancies
+ 2 x 1 bedroom apartments
+ 2 x 2 bedroom apartments
+ Apartments are all due for a rental increase however currently the rental return is approx $1,000 per week
+ Currently zoned as Low Density Residential (so is the car yard and Coles supermarket on down the road from the property)
+ No body corporate fees
+ Undercover parking for 4 vehicles
+ Low vacancy rates and high rental yield potential
The Property is located:
+ 200m from Coles Kedron
+ 2.1km from Westfield Chermside
+ 6.8km from Brisbane CBD
+ 1.85km from Lutwyche Market Centre and Stafford City Central
+ 5.8km from Brisbane Airport
+ 1.7km from Prince Charles Hospital
+ Within the school catchment of Kedron State Primary and High Schools
The individual units are comprised of the following features:
* Unit 1 - two bedroom, one bathroom, floorboards throughout, air-conditioning
* Unit 2 - one bedroom, one bathroom, floorboards throughout, air-conditioning
* Unit 3 - one bedroom, one bathroom, floorboards throughout, air-conditioning
* Unit 4 - two bedroom, one bathroom, original flooring, no air-conditioning
This property won't last long so if you are interested contact me today to arrange your private inspection.
Property History for 3/13 Cremorne Rd, Kedron, QLD 4031
- 30 Apr 2023Sold for $1,275,000
- 09 Feb 2023Listed for Sale Under Offer
- 15 Oct 2014Sold for $820,000
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About Kedron 4031
The size of Kedron is approximately 3.5 square kilometres. It has 6 parks covering nearly 6.8% of total area. The population of Kedron in 2011 was 8,593 people. By 2016 the population was 9,335 showing a population growth of 8.6% in the area during that time. The predominant age group in Kedron is 20-29 years. Households in Kedron are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Kedron work in a professional occupation. In 2011, 56.4% of the homes in Kedron were owner-occupied compared with 53.5% in 2016.
Kedron has 4,817 properties. Over the last 5 years, Houses in Kedron have seen a 79.61% increase in median value, while Units have seen a 73.71% increase. As at 31 October 2024:
- The median value for Houses in Kedron is $1,334,909 while the median value for Units is $641,055.
- Houses have a median rent of $690 while Units have a median rent of $513.
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